Iconic office building receives its new name: Miami Tower

One of the world’s most iconic office buildings is receiving a new name and welcoming new tenants. Downtown Miami’s Bank of America Tower at International Place, a 600,000-square-foot I.M Pei-designed building recognized around the world for its changing palette of exterior lighting schemes, has been renamed “Miami Tower.”

The news, which follows former tenant Bank of America’s decision to consolidate its area office space in another South Florida building, coincides with the Tower’s announcement that it has finalized 62,000-square-feet worth of lease transactions in the past year.

The name change was announced by Robert Aldrich, president for Wealth Capital Investments, the building’s owner.

“Miami Tower’s landmark status extends far beyond South Florida; it has been an international icon for more than two decades,” Aldrich said. “When people think of Miami, they instantly picture I.M. Pei’s iconic skyscraper lighting up the night sky. It’s only fitting that the building’s new name has universal appeal.

Miami Tower truly is the face of Miami.” Tony Puente, senior vice president of Fairchild Partners, the commercial real estate services firm that manages leasing and marketing for Miami Tower, also announced five lease renewals/expansions accounting for 9,519-square-feet of office space. The tenants involved in these deals are Au Bon Pain, Daniel David Custom Clothier LLC, the American Arbitration Association, law firm Ver Ploeg & Lumpkin PA, and One World Inc. In total, Miami Tower finalized transactions accounting for 62,000 square-feet of class- A office space in 2009, including a fiveyear, 34,536-square-foot deal with UBS Financial Services valued at $7.5 million. “There’s no question that Miami Tower’s worldwide exposure has a direct, positive impact on our leasing efforts,” Puente said.

“Tenants are drawn to the idea that they can locate their business in a landmark office building located at the heart of one of the world’s most dynamic cities. Miami Tower’s recognition — coupled with its ideal location and class-A amenities — continues to fuel our strong tenant retention and occupancy rates. Above all else, we take pride in the fact that our tenants stick with us for the long term.” To learn more about Miami Tower, visit the property’s new website at < www.MiamiTower.net >.